A descending channel has been identified.
A descending channel represents a compelling bullish price pattern that is angled down that can be used to identify a bullish price move when price breaks out.
Brent-oil to extend its advance to the 63 zone as the commodity nears 62.6 hurdle.
Brent Oil: Rectangle
UKOIL,
1 hour
SHORT
Oct 11
A rectangle is distinguished and the price wants a next active bearish action as an information of a breakdown.
A rectangle indicates that the price to go down once price collapses through the support line.
UKOIL to move back to 87 on a breakdown of the rectangle.
Brent Oil: Descending Channel
UKOIL,
1 hour
LONG
Apr 11
A descending channel has been discovered, the price is ready to break out soon.
A descending channel often spots a bullish price action in case if price breaks out to the the upside.
UKOIL to peak to the 85 level while above 84.7.
Brent Oil: Ascending Channel
UKOIL,
4 hours
SHORT
Jan 30
There is an ascending channel diagnosed.
An ascending channel typically indicates a bearish price action once price breaks below support.
UKOIL turns lower to 82 on a break below 82.8.
Brent Oil: Ascending Triangle
UKOIL,
1 hour
SHORT
Mar 4
Brent Oil: Rectangle
UKOIL,
1 hour
LONG
Sep 27
There is a rectangle distinguished and the price is going to break out soon.
Once price breaks out, the resulting move could identify the bears have run out of steam.
There is a chance of a bullish price action to 94.5 on a upside break.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
May 24
An ascending channel is very close to being finished.
An ascending channel identifies a chart pattern that often indicates a bearish price action once price breakdown occurs.
Further decline towards 77 about to be made.
Brent Oil: Rectangle
UKOIL,
1 hour
SHORT
May 11
There is a rectangle materializing.
A rectangle provides a specific price action indicator that is used to spot that the price to go short once price breaks through the support.
There is a probability of a move towards the 75.5 level while lower than 76.
Brent Oil: Bullish Rectangle
UKOIL,
1 hour
LONG
Jun 19
UKOIL shapes a bullish rectangle and the price is close to breaking out now.
A bullish rectangle denotes a compelling bullish indicator that can be used to spot a bullish price action once price breaks out to the the upside.
It is not ruled out that a rangebound towards 77 will be made.
Brent Oil: Ascending Channel
UKOIL,
1 hour
SHORT
May 29
An ascending channel is close to being done and the price requires a more move to confirm ascending channel breakdown.
An ascending channel is believed to be a bearish price pattern that has an upward slope that typically spots the bulls have run out of steam in case if price breaks through the support.
It is possible that a bearish push down towards 76 will happen as gains remain capped.
Brent Oil: Descending Triangle
UKOIL,
1 hour
SHORT
Nov 7
A descending triangle has been uncovered.
A descending triangle is said to depict a bearish indicator that typically spots an extension in the downward direction when price breaks out to the the downside.
Corrective downside towards the 84.5 level is on the way as risk reversal sheds bullish bias.
Brent Oil: Rising Wedge
UKOIL,
1 hour
SHORT
Jun 22
There is a rising wedge appearing, the price asks for fall as a signal of a breakout.
A rising wedge is a compelling bearish price signal that can be used to spot a further move down if price breaks through the support.
UKOIL set to fall towards 76 on a breach of 76.6 as the commodity challenges 76.6 hurdle.
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Brent Oil · UKOIL